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Topic: Rahakott wallet (Read 853 times)

I recently started using this cryptowallet. There are interesting things about it, i had just been looking for an online wallet with good security. Are there those here who've been using it for a long time? I'd like to ask a few questions.

1) Now the Wallet supports SegWit transactions for BitcoinWhy is it important? The initial protocol of the Bitcoin network has a restriction, which significantly limits the speed of online transactions. This is the exact reason why, during the peak loads (e.g. December 2017, when Bitcoin reached highs of $20,000 per coin), the ""execution"" of transactions could take from several days up to several weeks, depending on the charged commission fee. Thus, the restriction made Bitcoin inconvenient to use. SegWit solves this problem – it increases the network bandwidth and reduces transaction costs. Rahakott team supports solutions that increase users' comfort when using the service, and in April, our Wallet has implemented this technology.

2) Besides the support for P2SH addresses, from now on, Rahakott.io also supports sending Bitcoins to the native SegWit addresses (bech32)P2SH addresses (starting with a “3”) are universal and had been used before the SegWit implementation. Bech32 addresses (starting with “bc1”) are a type of addresses, which were introduced by the developers of SegWit. The advantage of this technology is that it lets reduce the size of the commission fee with the help of the smaller amount of transmitted information per transaction. Also, the register is not important for bech32 addresses (e.g. when dictating the address, you don't have to say where the capital/small letters are in the address).The amount of the bech32 addresses users is gradually growing, and the amount of services supporting this technology is similarly increasing. In the end of April, Rahakott expanded this list of services.

3) Now, Rahakott supports new addresses (CashAddr) for Bitcoin Cash (BCH).After BCH separated from Bitcoin (BTC), a problem regarding the same wallet names emerged. One could misunderstand a person and, instead of BCH, send BCT to his/her wallet and vice versa (it was difficult to notice the error, since all the wallets that belonged to one person had the same names). Finally, the community of BCH developers has proposed a new wallet names format (which was also due to the fact that the new format would pave the way for further modifications of the cryptocurrency). You will always be able to identify such wallets since their names start with a “q” or a “p” (whereas the old addresses start with a “1” or a “3”).Rahakott team has already implemented the CashAddr feature list and encourages you to support the transition to the new format.

We are happy to announce, that from now on Rahakott.io supports one more popular cryptocurrency – Ethereum (without smart contracts and tokens).

To get a wallet in ETH, click the button “Wallets”. Type in a random name for the wallet and click “Add”. Your wallet is ready!

The current commission amount for ETH transactions can always be found in our FAQ section (the link is at the bottom of our website’s pages). The current minimal commission for transferring funds to the external Ethereum Wallets equals 0.001 ETH.We remind you, that our service does not charge any commission for internal transactions (between the wallets that are registered on Rahakott).

Why do you think so? I myself use it. It appeared not so long ago. What do you want from the wallet? It works quickly and thank God. Anyone can be blamed in such way. For example, I can say that you are a terrorist.

The wallet works from November 2017. It supports 5 currencies – BTC, BCH, LTC, ZEC, DASH. Not many, of course, but all currencies are checked for vulnerability. Doubtful currencies are not allowed in the wallet.

The wallet works from November 2017. It supports 5 currencies – BTC, BCH, LTC, ZEC, DASH. Not many, of course, but all currencies are checked for vulnerability. Doubtful currencies are not allowed in the wallet.

I can name a two-factor registration as a pro of this wallet. A con will be the absence of a mobile version. But perfection in its pure form does not exist. In general, it works, and it's good to withdraw money from mining. There are no limitations on funds withdrawal.

I can tell you about the commission. There is no commission for internal transfers, and for external transfers it varies depending on the currency you transfer and the network load. On average, something like 0.00055BTC. It includes a service commission and a network commission.